In its financial results for the third quarter ending September 30, 2025, Amazon’s net sales climbed 13% year-over-year to $180.2 billion, up from $158.9 billion in the same period of 2024. Excluding foreign exchange tailwinds, sales were up 12%.

Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a major industry restructuring.

The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.

Amazon is pouring billions into AI infrastructure. Its cloud boss says the company feels "quite good" about its strategy.

Amazon CFO Brian Olsavsky shared that the company has increased its full-year capital expenditure projections to $125 billion. The company had previously guided for $100 billion in the June quarter. Olsavsky expects the number to be even higher in 2026.

Fortunately for us, CEO Andy Jassy was asked to comment on the layoffs during the company’s earnings call Thursday evening. However, he was quick to downplay any connection to AI.

Amazon announced a reorganization that will result in the elimination of 14,000 jobs — and said AI is a leading cause.

Investors were worried AWS was falling behind in AI. A new growth trajectory has restored confidence in Amazon’s cloud business.